Not exact matches
Though its share
price has nearly doubled since Trump's election, John Hancock senior managing director Lisa Welch points out that Bank
of America's P / E, at 11 times 2019 earnings, still trails its
historical averages.
With the economy either at or beyond full employment and the consumer
price index — a measure
of the inflation in consumer
prices — at 2.1 percent, the real 10 - year interest rate is 0.4 percent, Jones explained, roughly 300 basis points below the
historical average.
The Shiller
price / earnings ratio, which compares companies» share
prices with their inflation - adjusted 10 - year earnings
average, is at 31, well above the
historical median
of 16 — a sign that future returns will be sluggish.
For instance, the
price - to - earnings ratio
of the stocks in the S&P 500 currently is 21.7 for the trailing 12 months, well above the
historical average of 15.5, according to research firm Birinyi Associates.
Equity markets have appreciated sharply in recent years, and valuations, based on
price - to - earnings ratios, in developed markets were not cheap relative to their
historical averages as
of late 2017.
Of course, in recent years, stock
prices have grown much faster than earnings and dividends, driving the P / E far above its
historical average and the dividend yield (D / P) far below its
historical average.
World growth will remain low on
average but negative in the UK and Europe;
price inflation will remain sufficiently subdued for a while longer so as to impose no constraint on monetary expansion; central banks will sustain a regime
of negative real interest rates and rapid monetary expansion; the risk
of a eurozone collapse is off the table for now; finally, stock markets should continue to perform better than expected, even though the four - year old cyclical bull market is long by
historical standards.
During a flat market in which volatility may be
average from a
historical perspective, consider choosing a strike
price for your put options that is approximately 1 - 5 % out
of the money.
Moreover, if we look at periods when the economy was in an expansion, trend uniformity was negative, and the S&P
price / peak - earnings ratio was above its
historical average of 14 (it's currently 21), the
average total return drops to a -8 % annualized rate.
This leaves roughly 1.4 %
of historical long - term returns which can be attributed to past expansion in the
Price / Earnings multiple (i.e. over the past 50 years,
prices have grown somewhat faster than the 5.7 %
average rate
of earnings growth).
In Riverside and San Bernardino counties, Arch MI found risk
of home -
price declines at 2 percent vs. a 28 - year
historical average of 25 percent.
The American Association
of Individual Investors, for example, notes that bullish sentiment — the expectation that stock
prices will rise over the next six months — is above its
historical average, as it has been for nearly three months now.
The VIX, a measure
of the expected equity - market volatility as determined by put and call
prices on S&P 500 Index options, trailed lower in 2017 and remains well below its
historical average.
At similar stages
of the economic cycle in the past, we have found that companies in economically sensitive industries, such as automotive, construction and industrials, have generally fared well, and are attractively
priced relative to their
historical averages.
The «normal cases» are future
price / peak earnings multiples
of 14 (the
historical average) and 11 (the
historical median).
Assume also that by 2010, the
price / peak earnings multiple simply touches its
historical average of 14 (forget that the typical multiple has been less than 10 when earnings have been at the top
of that peak - to - peak growth channel - let's just assume the multiple touches 14).
The index's trailing
price - to - earnings (P / E) ratio sits at around 12, significantly below the
historical average of 16.
Historical performance
of maturing Scotch whisky has been strong,
averaging real
price appreciation
of 7 % annually over the last decade.
Ghana's 2011 Petroleum Revenue Management Act (PRMA) defines the methodology for forecasting oil revenues based on moving
averages of historical and expected values for both
prices and production.
My problem is that when i look for stocks i set very strict parameter rules like: — minimum dividend growth rate
of 7 - 10 % in last years 10, 5 years average — historical stocks that increased dividend at least for the last 15 years or paid historically (like BANK OF NOVA SCOTIA)-- very low debt — low payout ratio — historically (long term) stock price has been increasing etc.
of 7 - 10 % in last years 10, 5 years
average —
historical stocks that increased dividend at least for the last 15 years or paid historically (like BANK
OF NOVA SCOTIA)-- very low debt — low payout ratio — historically (long term) stock price has been increasing etc.
OF NOVA SCOTIA)-- very low debt — low payout ratio — historically (long term) stock
price has been increasing etc...
For example, I see that AAPL is
priced at $ 97.34 today with a P / E
of 10.34... however, how do I know if this P / E is high or low in regards to it's
historical average?
The S&P 500 is now trading at 20.5 x trailing
price - to - earnings (P / E), well above the
historical average of 16.5 x, according to Bloomberg data.
For its basic estimate, FASTGraphs compares the stock's actual
price - to - earnings (P / E) ratio to the
historical average P / E ratio
of the whole stock market, which is 15.
An exponential moving
average (EMA) is similar to SMA, but whereas SMA removes the oldest
prices as new
prices become available, an exponential moving
average calculates the
average of all
historical ranges, starting at the point you specify.
Over this same period
of time,
prices for salt in the U.S. have increased at an
historical average of 3 % per year.
In addition, at 14.3 - times estimated next - twelve - month earnings, the
price - to - earnings ratio
of the S&P 500 ® is only slightly below the
historical average.
For implied volatility it is okey to use Black and scholes but what to do with the
historical volatility which carry the effect
of past
prices as a predictor
of future
prices.And then precisely the conditional
historical volatility.i suggest that you must go with the process like, for stock returns 1) first download stock
prices into excel sheet 2) take the natural log
of (P1 / po) 3) calculate
average of the sample 4) calculate square
of (X-Xbar) 5) take square root
of this and you will get the standard deviation
of your required data.
For instance, the blue dot on the value factor scatterplot suggests that prior to March 2016 the valuation level
of 0.14 — meaning the value portfolio was 14 % as expensive as the growth portfolio measured by
price - to - book ratio, and lower than the
historical norm
of 21 % relative valuation — would have delivered an
average annualized alpha
of 8.1 % over the next five years.
Historical Price / Sales: Management fees
averaged 1.20 % in the past 2 years, reflecting the impact
of Logan Circle.
FASTGraphs starts us off with a
price - to - earnings (P / E) ratio
of 15, which is the long - term
historical average for the whole stock market.
Note that a ratio near 1.0 is not fair value - rather, the
historical median and
average of the
price - to - net - worth ratio is just 0.75.
The following table shows the low end
of the 5 and 10 year
historical averages for dividend yield, P / E ratio, P / S ratio, and EBITDA per share as well as the FY 2015 estimate for each metric with the corresponding
price targets.
The projected 10 - year rate
of return (calculated using the current
price and the projected
price in 10 years based on the sustainable growth rate, projected book value per share and earnings per share, and
historical average price - earnings ratio) is greater than or equal to 15 %
This leaves roughly 1.4 %
of historical long - term returns which can be attributed to past expansion in the
Price / Earnings multiple (i.e. over the past 50 years,
prices have grown somewhat faster than the 5.7 %
average rate
of earnings growth).
You can do
historical back tests
of price action to develop
price action trading systems using moving
averages.
A quick way to tell if a stock is worthy
of further research is to determine if it is trading for less than its
historical average price - to - earnings ratio.
The study uses $ 4.4 per tonne as its lowest estimated
price — based on the
average historical price of a voluntary carbon offset developed under the American Carbon Registry (ACR).
If one reviews the «
average» cost
of a kWh on the OEB «
Historical Electricity
Prices» as
of November 1, 2011 was 7.57 cents / kWh versus 10.70 cents / kWh on November 1, 2015.
For some
historical background, though, here's some info from a 2012 BNEF report that found that the
average price of batteries used in electric vehicles dropped 14 % from Q1 2011 to Q1 2012, and 30 % from 2009 to 2012 (I didn't even realize / remember that I have been writing about EV battery
prices for this long!)
As power demand growth slows from a
historical average of 10 % to 3 % or less per year, the coal capacity in the pipeline, as well as some existing coal capacity, risks becoming stranded due to low carbon capacity targets, ongoing reforms in the power sector and carbon
pricing.
Developed appropriate cost
of capital given economic cycles, industry trends, and
historical financial performance with Capital Asset
Pricing model, Build - Up model, and Weighted
Average Cost
of Capital.
According to RealtyTrac and Down Payment Resource, the study reviewed 370 counties, and ranked each based on how it scored in five metrics: affordability
of house payment in April 2015 relative to its
historical average; maximum income allowed for homeownership programs relative to median income; maximum home
price allowed for down payment help relative to median home
prices;
average down payment program benefit relative to median home
prices; and number
of homeownership programs available relative to total housing units.
National home
prices are right in line — within 2 % — with inflation adjusted long - run
average levels, which Clear Capital says shows
prices have normalized post-bubble and future rates
of growth will look more like
historical rates
of growth.
Historical data indicate that March median sales
prices on
average (2013 - 2017) increase by 4.4 percent from the month
of February.